How long before all that repurchasing just papers over the dilution from the next raise?
The repurchases aren't masking dilution, they're signaling they think BTC is cheap here, which is the actual trade.
How long before all that repurchasing just papers over the dilution from the next raise?
The repurchases aren't masking dilution, they're signaling they think BTC is cheap here, which is the actual trade.